Law on loan guarantees for business to increase opportunities for government – Petrashko.

A new bill on loan guarantees for entrepreneurs will help the government to create additional tools to support business

Minister for Development of Economy, Trade and Agriculture Ihor Petrashko stated this during the "Business Breakfast" at the Ukrainian Chamber of Commerce and Industry, the ministry’s press service reported.

"The Verkhovna Rada is developing a bill on portfolio guarantees for business loans, which will expand opportunities for the government to create additional instruments for new lending," he said.

Petrashko also spoke about the current activities of the ministry, namely its measures to support producers and exporters in conditions of the coronavirus pandemic and outlining areas of cooperation in the format of "Economy Ministry - UCCI - Business".

"It is important for the Economy Ministry to have a constant and constructive dialogue with the Chamber of Commerce and Industry. Our important common current tasks include the support for our manufacturers by introducing public procurement localization, improving credit programs, expanding export opportunities and creating favourable conditions for new investors,” said the minister.

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